Panel gives Texas economy a vote of confidence

AUTHOR(S)

Preston, Darrell

PUB. DATE

March 1999

SOURCE

Bond Buyer;03/26/99, Vol. 327 Issue 30607, p6

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

Reports that panelists at the Bond Buyer Texas Public Finance Conference are confident about the state's economy. Remarks from Moody's Investor Service Vice President Robert Kurtter; Strong growth and healthy debt position of the state; Cities' roles in spurring development; Less dependence on the energy industry.

ACCESSION #

1714355

Related Articles

Focuses on the economic conditions of Texas. Impact of low-cost issuance of bonds on taxpayers; State and local revenues; Data on total debt per capita; Employment growth from 1993 to 1998; Income of the tobacco settlement; Needs for water infrastructure; Contributions of state authorities on...

The article provides an overview of the fiscal condition of Texas. The Texas Employees retirement System has a total asset worth $21.3 billion and unfunded liabilities of 4 percent. Meanwhile, the pension system is determining the effect of the reporting rule 45 established by the Governmental...

The article reports that Texas Comptroller Glenn Hegar plans to convince investors attending at the Texas Public Finance Conference that the economy of Texas is strong enough to withstand the sharp declines of energy price. It states that Hegar claims that the diverse economy and the Economic...

The article offers information on tax and revenue notes to be issued by the Texas Public Finance Authority that will be record at 7.8 billion dollars while the state faces the largest budget deficit in its history. The analysts at Fitch Ratings Ltd. state that the energy sector remains one of...

In the wake of the Texas downturn, some optimists are getting in on the ground floor of the oil drilling, building, banking and farming industries to get large corners of the markets. Interviews with risk-takers.

The self-made millionaires of Texas are crumbling under the weight of their debts, among them John Connally. As their mystique evaporates, it seems the fall is their price to pay for their arrogance. Some hope a massive jolt in the world economy may restore them, while others look toward a new...

Reports that for the first quarter in Tarrant County the office market has started slowly but has improved steadily. Comments from M/PF Research Incorporated of Dallas spokesman Sean Hockens; Office rent rates; Office numbers skewed; Reasons why numbers were skewed.

Reports on the findings that if Texas is a sovereign nation, its economy would be the 11th largest in the world. Significance of the findings; Countries ahead of Texas in the ranking; Decline in the relative importance of Texas in the United States economy; Factors for the decline; Decrease in...